In response to new U.S. export restrictions that aim to hamper Chinese chip industry, Taiwan’s Economy Ministry said Taiwanese semiconductor companies attach “great importance” to complying with the law, signaling a compliance with Washington’s measures. Friday’s export control rules include a measure to cut China off from certain chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing’s technological and military advances.

U.S. Deputy Treasury Secretary Adeyemo said the United States hopes to see their move to put a price cap on Russian oil imports materialize by December. He said they are “following on what the Europeans have done”.

Japan’s biggest oil and gas explorer Inpex announced that it was venturing into the production of blue hydrogen and ammonia by building facilities that use its domestically produced natural gas in the city of Kashiwazaki in Northern Japan. The company targets a total 700 tonnes of blue hydrogen production per year from 2025 by transporting natural gas from another gas field nearby. Inpex intends to make the hydrogen “blue” by eliminating emissions through carbon capture and storage (CCS).